First Allied Advisory Services Inc. lessened its holdings in shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 194,097 shares of the financial services provider’s stock after selling 5,188 shares during the period. First Allied Advisory Services Inc.’s holdings in America First Multifamily Investors, L.P. were worth $1,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of America First Multifamily Investors, L.P. by 12.3% in the 1st quarter. Wells Fargo & Company MN now owns 194,230 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 21,199 shares during the last quarter. Private Advisor Group LLC acquired a new stake in America First Multifamily Investors, L.P. during the 1st quarter worth $115,000. Cambridge Investment Research Advisors Inc. raised its stake in America First Multifamily Investors, L.P. by 21.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,385 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 11,909 shares in the last quarter. NEXT Financial Group Inc raised its stake in America First Multifamily Investors, L.P. by 618.7% during the 2nd quarter. NEXT Financial Group Inc now owns 45,193 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 38,905 shares in the last quarter. Finally, Creative Planning raised its stake in America First Multifamily Investors, L.P. by 7.5% during the 2nd quarter. Creative Planning now owns 121,950 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 8,471 shares in the last quarter. 6.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of America First Multifamily Investors, L.P. (NASDAQ:ATAX) traded up 0.99% during midday trading on Monday, reaching $6.11. The company’s stock had a trading volume of 14,143 shares. America First Multifamily Investors, L.P. has a 1-year low of $5.10 and a 1-year high of $6.25.

America First Multifamily Investors, L.P. (NASDAQ:ATAX) last announced its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. America First Multifamily Investors, L.P. had a return on equity of 6.63% and a net margin of 33.34%. The firm had revenue of $16.23 million during the quarter, compared to analyst estimates of $16.76 million. Equities analysts expect that America First Multifamily Investors, L.P. will post $0.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Thursday, September 28th. America First Multifamily Investors, L.P.’s dividend payout ratio is presently 156.25%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of America First Multifamily Investors, L.P. from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. set a $6.00 price objective on America First Multifamily Investors, L.P. and gave the stock a “buy” rating in a report on Monday, August 7th. TheStreet cut America First Multifamily Investors, L.P. from a “b-” rating to a “c+” rating in a research report on Friday, August 25th. BidaskClub cut America First Multifamily Investors, L.P. from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, UBS AG downgraded America First Multifamily Investors, L.P. to a “market perform” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. America First Multifamily Investors, L.P. presently has an average rating of “Hold” and an average target price of $6.38.

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In other news, CEO Chad L. Daffer bought 20,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was bought at an average price of $6.17 per share, for a total transaction of $123,400.00. Following the transaction, the chief executive officer now owns 232,168 shares in the company, valued at $1,432,476.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders bought 24,019 shares of company stock valued at $148,719. Insiders own 1.30% of the company’s stock.

America First Multifamily Investors, L.P. Profile

America First Multifamily Investors, L.P. is engaged in acquiring, holding, selling and dealing with a portfolio of mortgage revenue bonds, which have been issued to provide construction and/or permanent financing for multifamily and student housing (collectively Residential Properties) and commercial properties.

Institutional Ownership by Quarter for America First Multifamily Investors, L.P. (NASDAQ:ATAX)

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